International
UK Exports of Finance, Insurance Services Reach Record in 2016
U.K. exports of financial and related professional services grew to a record in 2016 as all regions surged. Exports rose 15.8 percent to 95.7 billion pounds ($136 billion), according new data ...
Executives On The Move at Chubb, AIR Worldwide and Aon Benfield
Chubb brought on an AIG veteran as its new chief claims officer. AIR Worldwide has a new senior vice president of Global Resilience. Aon Benfield's UK arm named a new chief operating ...
A New Hacking Threat Worsens: Fraudulent Instruction
A form of hacking is on the rise that insurers and their clients should be aware of: fraudulent instruction. The latest Beazley Breach Insights report outlines the escalating threat, where a hacker ...
Israeli Venture Capitalist Calls for Middle East Cyber Defense Alliance
Middle Eastern countries facing potential cyber attacks from Iran should form a Euro-Med alliance to protect their assets and people, said Erel Margalit, venture capitalist and former member of the ...
Allianz Will Buy Sri Lanka’s Janashakthi General Insurance for $106.3M
Allianz announced it has inked a deal with Janashakthi Insurance PLC (JINS) to acquire its subsidiary Janashakthi General Insurance Ltd. (JGIL) for 106.3 million. The transaction will go through ...
CROs Will Become Key in Hacker Attack Battles, and Other Aon Cyber Predictions
As cyber attacks increasingly threaten business and grow in volume and scale, companies will be forced to take new measures to address cybersecurity risk holistically, integrating it more ...
Insurers, Reinsurers Are Taming InsurTech Startups to Suit Their Investment Needs: Willis Towers Watson
Traditional insurers and reinsurers played a big part in fueling InsurTech startup investment momentum in 2017. By doing so, they tamed potential rivals, turning them into a source of technology to ...
Allianz-Owned Microinsurer BIMA: Closing the Protection Gap in Developing Nations
The insurance protection gap in developing nations is being filled by a growing group of microinsurers, which provide coverage that ranges from life and health insurance, to crop insurance, to ...